|MACD Crossover at||05:00 AM EST|
|Action:||Market Order opened|
|Take Profit:||When the next crossover of the MACD line and the signal line occurs.|
(Chart done with FXCM)
The MACD line is nothing else than the difference between the 26 EMA and the 12 EMA. The Signal line is the 9 EMA of the MACD line. The Histogram shows the difference between the Signal line and the MACD line.
On the hourly chart I check after each hour the MACD. We have a signal when the MACD Line crossed the Signal Line. I open a market order in the direction of the signal and stay in the trade until I get a signal in the opposite direction.
There are potential risks relating to investing and trading. You must be aware of such risks and familiarize yourself in regard to such risks and to seek independent advice relating thereto. You should not trade with money that you cannot afford to lose .The content of this website should not be construed as a solicitation to invest and/or trade. You should seek independent advice in this regard. Past performance is not indicative of future performance. No representation is being made that any results discussed within the service and its related media content will be achieved. All opinions, news, research, analyses, prices or other information is provided as general market commentary and not as investment advice. Trades in accordance with the recommendations in an analysis, especially leveraged investments such as Foreign Exchange trading and investment in derivatives can be very speculative and may result in losses as well as profits, in particular if the conditions mentioned in the analysis do not occur as anticipated. Trading in the Foreign Exchange market is a challenging opportunity where above average returns are available to educated and experienced investors who are willing to take above average risk. Past performance does not guarantee similar performance in the future.